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http://hdl.handle.net/10419/64814
  

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dc.contributor.authorDüwel, Corneliaen_US
dc.contributor.authorFrey, Raineren_US
dc.date.accessioned2012-10-04en_US
dc.date.accessioned2012-10-11T12:59:39Z-
dc.date.available2012-10-11T12:59:39Z-
dc.date.issued2012en_US
dc.identifier.isbn978-3-86558-832-6en_US
dc.identifier.urihttp://hdl.handle.net/10419/64814-
dc.description.abstractWe investigate how the lending activities of a multinational bank's affiliates located abroad are affected by funding difficulties in view of the financial crisis. For this, we consider transaction-induced changes in long-term lending to the private sector of 40 countries by the affiliates of the 68 largest German banks. We find that affiliates' local deposits and profitability have been stabilizing loan supply. By contrast, relying on short-term wholesale funding has increasingly proven to be a disadvantage in the crisis, as inter-bank and capital markets froze. Besides, the more an affiliate abroad takes recourse to intra-bank funding in the crisis, the more it becomes dependent on a stable deposit and long-term wholesale funding position of its parent bank. We furthermore detect competition for intra-bank funding across the affiliates abroad as well as an increasing focus on the parent bank's home market activities.en_US
dc.language.isoengen_US
dc.publisherDt. Bundesbank Frankfurt, M.en_US
dc.relation.ispartofseriesDiscussion Paper, Deutsche Bundesbank 19/2012en_US
dc.subject.jelG21en_US
dc.subject.jelF23en_US
dc.subject.jelF34en_US
dc.subject.jelE44en_US
dc.subject.ddc330en_US
dc.subject.keywordfunding structureen_US
dc.subject.keywordmultinational banksen_US
dc.subject.keywordinternal capital marketen_US
dc.subject.keywordintra-bank lendingen_US
dc.subject.keywordwholesale fundingen_US
dc.subject.keywordfinancial crisisen_US
dc.titleCompetition for internal funds within multinational banks: Foreign affiliate lending in the crisisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn72677488Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:bubdps:192012-
Appears in Collections:Discussion Papers, Deutsche Bundesbank

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